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441  Other / Beginners & Help / Re: Businesses or Services that Bitcoin could use on: July 15, 2012, 08:27:06 PM
Bitmit.net is pretty "ebay-like", and it works well.

And there are lots of poker sites. :-)

I like your ideas.
442  Other / Beginners & Help / Read a lot about bitcoin today, what I learned on: July 15, 2012, 08:11:32 PM
[Warning; there is nothing to learn from reading this, it's just ramble.]

I've been using bitcoin for a good while already, but I haven't really put in the effort to get a good understanding of everything until today. I spent hours reading the Satoshi paper and the wiki. Cool story, right? Here's some stuff I got out of it:

The whole mining process, and how it self-regulates and requires little network coordination. Pretty cool. How difficulty is computed, and how it relates to target.

What's inside a block, and the structure of a block header, and how the chain is linked together. How that provides a "distributed timestamp server". And how impossibly difficult it would be to modify something in an old block. Very neatly designed, and now I understand how "lite" clients work and how they only need 80 bytes per block instead of the whole thing. Also the potential for pruning, and I noticed a cool BIP about stratization that makes me feel more comfortable about future scaling.

How transactions work, and what's inside them. Inputs and outputs. I finally understand how a coin can be split to pieces and different pieces can be combined into bigger values, all without fragmentation. And the transaction fee is just what's left after the all the inputs are subtracted from all the outputs, very elegant.

Script! How cool, so many possibilities. And so many opcodes that are disabled, probably best for now.

Generally how the peer-to-peer network works, what kind of messages are exchanged, and how they are propagated etc.
443  Other / Beginners & Help / Security of 0-confirmation transactions on: July 15, 2012, 07:48:29 PM
I'm wondering about the state of a transaction immediately after it is published to the network, before it has entered any block. Does Bitcoin make any attempt at all to prevent double-spending or reversal at this point? If not, are there any theoretically possible approaches?

If there's no protection, my worry is that Bitcoin really isn't as "instant" as it's often portrayed to be. If I meet someone to make a transaction, do I need to hang around and smalltalk for 10-20 minutes to wait for a block or two? I mean, to be honest, I really hate smalltalk.
444  Other / Beginners & Help / Re: Introduce yourself :) on: July 11, 2012, 05:43:33 PM
Been following Bitcoin for a good while, have some long-term holdings. I've done several trades on bitmit and elsewhere, loving it. Been lurking around here for a while; mainly interested in development discussions.
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